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SERVICES-HEALTH SERVICES · MID CAP

Talkspace, Inc. TALK

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$228.9M
▲ 22.0% YoY
$7.8M
▲ 578.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Talkspace, Inc. offers its members access to a network of providers through virtual psychotherapy and psychiatry. As of December 31, 2025, it had 598 employees, comprised of 349 providers and 249 professionals supporting accounting, finance, technology, sales, marketing and other support functions, along with 5,396 independently contracted providers. Its network includes more than 5,700 licensed providers located across all 50 U.S. states and the District of Columbia, with specialized knowledge of more than 150 conditions and treatment modalities. Its customers are organized into three categories: Payor, comprising health insurance plans from commercial and government institutions and employee assistance programs; Direct-to-Enterprise (DTE), comprising enterprises under an active contract with Talkspace; and Consumer, comprising individual subscribers. Under Payor, it contracts with health insurance plans from commercial and government institutions and employee assistance programs to provide virtual therapy to their members, who receive care through their health insurance plan or employee assistance program or pay a flat rate per session or interaction. Under DTE, it contracts directly with enterprises, including employers, academic organizations, higher education, and government entities, to provide their enterprise members unlimited synchronous and asynchronous care on a per-member-per-month or paid-per-use basis or as a fixed monthly fee. Under Consumer, it offers monthly, quarterly, bi-annual and annual membership subscriptions, as well as supplementary a la carte offerings, to individual subscribers who subscribe directly to its platform. Talkspace was founded in 2012.

Written from the business description in Talkspace, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 13 March 2026. Every sentence was checked against that document before publication.

Growth

USD 228.9M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 228.9 · Net income 7.8
100M200M-30M-60M
201920222025
Compound annual growth
+24.2%
+24.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +24.6% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 1.4% · Net 3.4%
-50%
201920222025
ROE
FY2025 · ROE 6.6%
2%4%6%-20%-40%
201920222025
Three returns, three denominators.

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders

USD 16.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF -16.5
-25.0M-50.0M
201920222025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 16.3
10M20M-2M-3M
2022202320242025

USD 16.3M in buybacks — 209% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 134.9M
EquityUSD 117.0M
CashUSD 37.4M
Current ratio6.38×

Equity funds 87% of total assets.

The 7-year record

7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
TALK, 7-year financial record
Metric 2025202420232022202120202019
Revenue $B0.20.20.20.10.10.10.0
Operating income $B0.0−0.0−0.0−0.1−0.1−0.0−0.0
EBITDA $B0.0−0.0−0.0−0.1−0.1−0.0−0.0
Income tax $B0.00.00.00.00.00.00.0
Net income $B0.00.0−0.0−0.1−0.1−0.0−0.0
Free cash flow $B◌◌−0.0−0.1−0.1−0.0−0.0
EPS, diluted $0.040.01−0.12−0.51−0.72−1.67−2.29
Dividend / sh $◌◌◌◌◌◌◌
Payout % — not applicable: no dividend———————
ROE %6.61.0−15.6−49.8———
Shares out B0.170.170.170.160.150.01◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 32 reconciliationsAUDITED

Reconciled in 7 of the 7 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 12 checks were skipped: EPS is not tagged before 2019. 12 checks were skipped: revenue is not tagged before 2019.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Health Services
Listed onnot stated in the filings
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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